2024 Trading Thread

Well, 2023 went really well with less than market risk so well done me.

First trade of 2024 is $CPRI which is being taken over by $TPR at $57 cash.
FTC is looking into the merger and has asked for a second review, but it's really hard to see them being made a bigger laughingstock over actually trying to block a midtier leather bag and expensive shoe merger than the giant laughingstock they were made over the ATVI deal.

Deal is supposed to close ~end of Q1 now since FTC asked for more info. 14% deal spread is a nice annualized rate. It's a $6bn deal so you can buy all you want.

Tapestry has already raised the required funds in the bond market. No chance they try to [or can] void the deal with a MAC clause in Delaware.

Obv risk is deal breaking, stock probably drops to $35ish. Market is too pessimistic on this deal which is the issue.